MBA Program Stats Annual Tuition: $86,300 Full-Time Enrollment: 408 Average GPA: 3.59 Median GMAT: 730 International: 40% Minority: 32% Female: 46% Male: 54% What You Need To Know MIT Sloan consistently ranks as one of the top MBA programs in the world. Through intellectual rigor and experiential learning, Sloan’s full-time, two-year MBA program develops leaders who make a difference in the world. Sloan first offered their MBA in 1995, and their Latin motto, “mens et manus,” translates to “mind and hand.” MIT’s founders were promoting that education, above all, was for practical application and highlighting experiential learning as a centerpiece of the MBA experience. Based in Cambridge, Massachusetts, the school has birthed breakthrough technologies ranging from GPS and genome sequencing to data encryption and multiplayer video games – not to mention ventures like Campbell’s Soup, EdX, Hewlett Packard, and Roomba Vacuums. “The MIT Sloan student community is diverse not only in terms of nationality, race, and ethnicity, but also in terms of intellectual perspective and life experience. The student culture is highly collaborative and is perhaps best characterized in its slogan, “Sloanies helping Sloanies.” This spirit of collaboration comes through in a similarly named conversational podcast, Sloanies Talking Sloanies, in which alumni and faculty discuss their MIT Sloan experience and how it influences what they are doing today.” Academics And Programs Sloan welcomes a large class of around 400 students on average annually, and in the MBA world, large typically equals diverse. After their first-semester core courses, students have three semesters to create a program that fits their interests. In total, they’ll complete 144 units of electives. Sloan has 15-20 annual Action Learning Labs, where students work on projects collaboratively with organizations ranging from startups in an emerging market to well-established corporations focusing on areas such as Analytics, Operations, Strategy, Finance, or Marketing. Action Learning Labs aren’t the only unique element to the Sloan MBA. The program also includes the Sloan Intensive Period (SIP). Held in October and March, SIP represents a hard stop to MBA courses. For a week, students take micro courses to hone skills and engage in reflection in areas ranging from ethics to creativity. In January, the second semester launches with an Independent Activities Period (IAP). The month-long IAP period is allocated for students to work on projects, complete internships, or even engage in school-related travel. While the IAP eases students back in after the holidays, it also provides them with the time and freedom to pursue the passions that will deliver the highest return. Indeed, Sloan’s flexible structure is cited by students as one of the school’s biggest assets. MIT Sloan offers tracks specifically for MBA students and Certificates open to all MIT graduate students to give students the opportunity to dive deep into what interests them. Track options include the Entrepreneurship & Innovation Track, Enterprise Management Track, and the Finance Track. Certificate options include the Business Analytics Certificate, the Healthcare Systems Certificate and the Sustainability Certificate. Completing an internship is a key component of the experience, creating an opportunity to apply new knowledge with real experience. Outside of the classroom, Sloan students have the opportunity to engage in over 80 clubs and conferences such as the world’s largest student-run conference, the MIT Sloan Sports Analytics Conference, and competitions like the MIT $100K Entrepreneurship Competition which enables students across campus to launch a startup. Rankings Data For MIT Sloan MIT Sloan MBA Rankings Ranking Poets&Quants 2023-2024 14 2022-2023 6 2021-2022 6 2020-2021 6 2019-2020 6 Getting Into This SchoolMIT Sloan School Of Management Essay Questions And Strategic Guidance, 2023-2024MIT Sloan seeks individuals with confidence but not arrogance.MIT Sloan School Of Management Essay Tips And ExamplesWriting cover letters will undoubtedly be a large part of students’ career development efforts at Sloan, after all, so why not start now?How To Get Accepted To MIT Sloan MBAMIT Sloan Assistant Dean Dawna Levenson shares everything applicants to the M7 school should know before applying MBA Program Consideration Set If you believe you’re a close match to this school–based on your scores, age and work experience, you could look at these other competitive full-time MBA programs as well. We list them by stretch, match, and more to consider. These options are presented on the basis of brand image and ranking status as a general guideline. These are meant to be a starting point for further exploration. Stretch Schools Harvard Stanford GSB Wharton Match Schools Columbia Tuck Kellogg SOM Berkeley Haas Duke Fuqua Darden More Schools to Consider Sophie Hilaire Michael Guttman Partners who enable Poets&Quants to provide, free to our readers, information, inspiration, and greater access to graduate education opportunities. MIT Sloan vs. Berkeley Haas: The Ultimate SmackdownMIT’s Sloan School vs. Harvard Business SchoolApplications to MIT's Sloan School of Management are up 55% in the past three years. Harvard just had its second best application season. Here's how these two formidable giants in MBA education stack up against each other. MIT’s Sloan School vs. Berkeley’s Haas SchoolBerkeley and Cambridge are two of the world's great university towns. Though they are separated by 3,000 miles, the Sloan School and the Haas School of Business share many similarities.Rankings, Rates, ROI & More: The M7 By The NumbersAll the 2021 school employment report & class profile data — and much more — for the Magnificent Seven B-schoolsThis Is What It Costs To Get An MBA From A Top Business SchoolAll the data on tuition, expenses & total cost when you study for an MBA from a leading business school in the United States or EuropeGMAT Versus GRE: Which Top-50 MBA Programs Prefer Which Test?Where a GMAT or GRE score is a must for admission — and where you don't have to worry about sitting for an entrance examAverage GMAT Scores At The Top U.S. MBA ProgramsAll the score averages for the Class of 2024 at 27 of the leading business schoolsAcceptance Rates & Yield At The Top 50 U.S. MBA ProgramsAcceptance rates rose at elite U.S. B-schools in 2022, but across all 50 P&Q-ranked schools the average rate was similar to 2021 — and some schools got much more selective 2023-2024 MBA Admissions Events By SchoolA school-by-school listing of MBA events for the 2023-2024 admissions cycle Why Students Chose “Difficult problems remain to be solved at the intersection of technology and business. These complex challenges require integrated solutions. With MIT’s strong reputation for innovation and MIT Sloan’s impressive course offerings, MIT Sloan was a perfect fit. While some MBA programs operate in silos within the larger university, that is certainly not the case at MIT Sloan. Beyond the option to take courses outside of Sloan at MIT, Harvard, and other schools in the area, Sloanies can also take integrated courses where students of design, business, and engineering can come together to leverage each other’s strengths. Within Sloan itself, I was impressed by the breadth of opportunities to pursue technology product management. Sloan offers a Digital Product Management Certificate, a Digital Product Management Lab and a Product Management Club with a robust campus membership. While the Digital Product Management Certificate is relatively new, Sloan has long been a strong pipeline for many technology and e-commerce companies who recruit product managers on campus every year.” Katie Hango (‘24) “There are only a few MBA programs that support Entrepreneurship in a creative way in the USA. MIT’s Martin Trust Center for MIT Entrepreneurship offers the key MBA programming that led me to choose this business school. I’m an entrepreneur at heart. I’m very interested in Sloan entrepreneurial culture, which marries business, technology, and disruptive ideas. Choosing Sloan was important to me because I have a vision to build ‘Salons of the Future’ and MIT Sloan will give me the opportunity to bring my idea to fruition.” Robin Butler (‘24) “MIT Sloan’s focus on building data-driven leaders stood out to me as a unique offering. From classes that help develop quantitative skills to a close association with MIT’s other engineering programs, the school equips students to face the digitization wave head on. I was looking for a program that acknowledges the role technology plays in every job function and industry today and gives you the skills and network needed to succeed in the evolving landscape. At MIT Sloan, I have found this.” Misha Nathani (‘24) “The MIT Sloan MBA lies on the perfect intersection between finance, technology & entrepreneurship. Sloan’s finance courses, taught by distinguished faculty and Nobel Laureates, coupled with my pre-MBA experience in finance at the central bank, will sharpen my financial skills and prepare me to transition into an investment management role within the Indonesia government. Moreover, MIT is at the forefront of technology, where scientific breakthroughs and thought leadership are plentiful. In this digital age, technology & innovative management drives transformation in both the private and public sector. I’m keen to learn about cutting-edge innovations at MIT and apply it in Indonesia’s tech landscape to develop future unicorns. Furthermore, the MIT MBA prides itself in developing future entrepreneurs. Given that I plan to lead Indonesia’s government investment fund that supports startup financing, it’s crucial for me to develop an entrepreneur mindset by taking entrepreneurship classes and learning from the entrepreneur community at MIT and the Boston area.” Michael Christian (‘24) “While Sloan’s MBA programming is incredible, it is the larger relationship and integration with the Institute that I find most important. The intersection of technology and science with business, and its application to the future of human organization, is my raison d’être for pursuing an MBA.” Rupen Dajee (‘24) Read More Student Features For MIT SloanMeet MIT Sloan School of Management’s MBA Class Of 2024MIT's newest Sloanies share their dreams and ambitions and offer advice to current MBA applicantsMeet MIT Sloan’s MBA Class Of 2023Take charge class brings bias for action to CambridgeMeet MIT Sloan’s MBA Class Of 2022A dozen new MBA students at Sloan share their journeys, their goals and dreamsThe M7 B-Schools: Everything You Need To KnowAll the data on the U.S. B-schools that consistently lead the rankings & spark the imagination of applicants everywhereHigh & Low MBA Salaries And Bonuses At The Top 100 B-SchoolsAll the most important numbers from the top business schools in the United StatesMBA Pay By Region: Here’s How Much You’re WorthA school-by-school look at how much MBAs can expect to earn by regionMBA Pay By Occupation & Industry: Here’s How Much You’re WorthA school-by-school pay comparison for MBAs in Consulting, Finance, Technology, and moreWhich M7 School Parties The Hardest? This Survey Found OutIn new report, 84% say grades are secondary to the social side of school10 Movies Every Business Student Must WatchFrom Wall Street to Norma Rae, a movie marathon for admits to business school, current MBAs and anyone interested in life's great truths Career Stats Employment Statistics Of MIT Sloan MBAs Employment Statistics 2022 2021 2020 2019 2018 % of MBAs with Job Offer 3 months post Graduation 97% 96% 96% 96% 97% MIT Sloan MBA Compensation Career Statistics 2022 2021 2020 2019 2018 Median Base Salary $ 165,000 $ 150,000 $ 150,000 $ 140,000 $ 135,000 Industry Choices Of MIT Sloan MBAs Industry 2022 2021 2020 2019 2018 Automotive/Aerospace 3% 3% 2% 6% Computers/Electronics 2% 1% 1% Consulting 31% 28% 31% 31% 32% Consumer Products 3% 1% 3% Finance 23% 21% 1% 3% 2% Education 1% Nonprofit/Government 2% 1% 1% Investment Banking/Brokerage 8% 6% 4% Investment Management 4% 5% 7% Manufacturing: Other 24% 3% 4% 3% Media/Entertainment/Sports 2% 2% 1% 1% 1% Oil/Energy 2% 1% 1% 4% Other 5% 3% 1% 2% 1% Pharmaceutical/Healthcare/Biotech 7% 6% 6% 2% Private Equity/Venture Capital 6% 5% 4% Retail 4% 1% 2% 2% 3% Technology 23% 21% 25% 29% 27% Top Hirers Of MIT Sloan MBAs Top Employers 2020 2019 2018 2017 2016 Amazon 19 10 27 30 23 Amgen 7 Bain & Company 13 19 15 19 17 Boston Consulting Group 36 36 24 21 14 Deloitte Consulting 9 11 6 Facebook 6 Fidelity Investments 6 Google 14 15 10 9 Goldman Sachs Group 6 JP Morgan Chase & Co 7 McKinsey & Company 26 12 22 26 26 Microsoft Corporation 8 8 Admissions For MIT Sloan Essay Questions For MIT Sloan MIT requires students to submit a cover letter: MIT Sloan seeks students whose personal characteristics demonstrate that they will make the most of the incredible opportunities at MIT, both academic and non-academic. We are on a quest to find those whose presence will enhance the experience of other students. We seek thoughtful leaders with exceptional intellectual abilities and the drive and determination to put their stamp on the world. We welcome people who are independent, authentic, and fearlessly creative — true doers. We want people who can redefine solutions to conventional problems and strive to preempt unconventional dilemmas with cutting-edge ideas. We demand integrity and respect passion. 1.Taking the above into consideration, please submit a cover letter seeking a place in the MIT Sloan MBA program. Your letter should conform to a standard business correspondence, include one or more professional examples that illustrate why you meet the desired criteria above, and be addressed to the Admissions Committee (300 words or fewer, excluding address and salutation). Optional essay: How has the world you come from shaped who you are today? For example, your family, culture, community, all help to shape aspects of your life experiences and perspective. Please use this opportunity if you would like to share more about your background. This is an opportunity for you to share more about yourself with the Admissions Committee, should you choose to do so. 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Byrne, MBA admissions coaches and our audience, assess their odds of admission and get help to improve their chances of getting in!Mr. Low GPA Over AchieverHello I'm Low GPA Over Achiever, I am from India , specifically the south Indian state of Andhra Pradesh.Mr. MBB To PM- Just moved to a developing country to help build-out a country-leading ride-hailing startup - Former MBB, focusing on strategy and advanced analytics (a.Ms. Chemical EngineerAs a consultant, I am the youngest person to lead a client project on one of the largest Pharma M&A deals in history.Mr. StrategistA third-generation engineer of the family, with a very tough upbringing due to many adversities and challenges (both financial and emotional).Ms. Rocket EngineerHello! I work in aerospace as the lead of an engineering team building 21st-century spacecrafts, and pour nearly all my time & energy into doing just that.Mrs. Company LeaderAfter graduating from university, I started at a small supply chain/logistics company as a marketing analyst.Mr. Generic NerdTier 1 Tech Consultant at PwC for two years.Mr. Corporate MonsterPractical and versatile Engineer with significant experience in product development & process improvements.Ms. Biotech OpsI am passionate about developing novel therapeutics that improve people's lives.Ms. MD MBAA physician with four years clinical experience, I now want to tap into my leadership potential by getting my MBA and assuming a managerial role. MBA Handicapping: What Engineers Need To Do To Get InSolid stats, yes, but there are ways for this one to go badMBA Handicapping: Bio-Tech, Female, 770 GMAT. 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Aiming for Wharton, MIT Sloan & several other top MBA programs News Coverage For MIT SloanAt MIT Sloan, Higher MBA App Volume Helps In Many Ways — But Diversity LagsThe M7 school reports a 16% increase in apps, allowing it to enroll a class that is 6% bigger and 49% women2024 Best 40-Under-40 MBA Professors: Jacquelyn Pless, MIT Sloan School of ManagementCongrats to Jacquelyn Pless of MIT Sloan School of Management for being named a 2024 Best 40 Under 40 MBA Professor. 2024 Best 40-Under-40 MBA Professors: Rahul Bhui, MIT Sloan School of ManagementCongrats to Rahul Bhui, MIT Sloan School of Management, for being named a 2024 Best 40 Under 40 MBA Professor.2023 Was MIT Sloan MBAs’ Harshest Employment Landscape In A DecadeMedian salary & compensation grew significantly in 2023, but placement was worse than during coronavirus as Sloan endures a tough marketMIT Sloan MBA Class Of 2025: Sloan Staves Off Serious Application SlideApp volume stabilizes for the M7 school one year after Sloan reported a nearly 25% decline from a pandemic-inflated highHarvard & Wharton Slump In New 2023 Businessweek MBA RankingStanford's MBA program claims first for the fifth consecutive yearMBA Scholarships At The Leading Business SchoolsAt most top business schools, dozens — and sometimes hundreds — of need- and merit-based awards are available MBAs Doing Great Things: Meet The MIT MBA Making Solar Energy Accessible — On Any SurfaceThe need to reverse climate change drives Shiv Bhakta, a dual-degree MS/MBA student at MIT and co-founder of prize-winning Active Surfaces2023 Best 40-Under-40 MBA Professors: Anna Stansbury, MIT Sloan School of ManagementCongrats to Anna Stansbury of the MIT Sloan School of Management for being named a 2023 Best 40-Under-40 MBA Professor.Stanford, Harvard & Wharton Also-Rans In Topsy-Turvy U.S. News MBA RankingChanges in the methodology for ranking MBA programs mixes up U.S. News rankingPoets&Quants 2022-2023 MBA Ranking: A Surprising Change At The TopStanford loses the crown to Wharton's MBA experience2022 Most Disruptive MBA Startups: Something Brazen, MIT (Sloan)Helping Millennial women find their professional community2022 Most Disruptive MBA Startups: Multitude Insights, MIT (Sloan)Creating an AI-powered collaboration and data sharing tool for law enforcement.The World’s Best MBA Programs For Entrepreneurship In 2023This year's ranking of best MBA programs for entrepreneurshipAn MIT MBA Pulls Back The Curtain: 3 Ways You Really Learn In B-SchoolB-school gossip & start-up lessons from a 2018 Sloan School gradWhich Schools Produce The Most Unicorn Founders? 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